COIN Options History — January 2023

In January 2023, COIN traded between $33.56 and $60.88. ATM implied volatility averaged 103.0%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 28.9%. IV traded above realized volatility by 4.1% (HV 20d: 98.9%). Max pain ranged from $40.00 to $52.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.07.

Notable Days

  • 2023-01-27: Highest Volume — 455,227 contracts
  • 2023-01-27: Largest IV spike — 12.0% change
  • 2023-01-27: Highest IV Rank — 49.9%
  • 2023-01-27: Largest Expected Move — 30.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.95$33.56$60.88$33.64$58.48
Max Pain$47.10$40.00$52.00$50.00$52.00
ATM IV103.0%98.0%116.2%102.1%108.3%
Expected Move28.9%26.9%30.9%29.3%29.7%
HV 20d98.9%70.9%112.3%70.9%112.1%
HV 60d101.4%93.5%106.3%93.5%106.2%
IV Rank38.8%34.9%49.9%40.6%42.6%
IV Percentile45.7%34.1%71.4%44.4%59.9%
Term Structure0.5%-4.2%4.5%2.9%-2.1%
VWIV104.1%96.6%110.8%105.0%104.2%
Skew 25d7.1%0.2%10.5%10.3%6.3%
Skew 10d12.5%-1.7%19.3%18.6%9.8%
Call IV 25d101.4%94.7%121.2%99.4%105.4%
Put IV 25d108.5%102.5%121.4%109.7%111.7%
Bid-Ask Spread %3.331.738.711.734.34
Gamma HHI0.070.040.250.070.05
Net GEX2.7M-6.1M22.3M-4.1M3.6M
Net DEX-179.6M-839.2M395.3M344.6M-428.5M
Net VEX-3.5M-4.4M-2.4M-2.4M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.552.062.060.55
Total Volume212,191.8588,231455,22788,231159,246
Total OI844,272.15640,6461,032,126758,617769,952

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$33.64$50.00102.1%29.3%70.9%40.6%105.0%10.3%2.9%-4.1M344.6M-2.4M2.061.7328,84659,385410,054348,563
2023-01-04$37.15$45.00100.2%28.9%81.8%39.0%102.8%6.2%1.7%-909.2K207.9M-2.7M1.011.8698,95399,994421,275364,198
2023-01-05$33.75$45.00102.8%29.7%83.4%41.2%107.4%10.4%0.8%-5.6M374.9M-2.4M1.296.9273,65494,920436,235376,981
2023-01-06$33.56$40.0098.3%28.7%83.4%35.1%106.4%9.2%0.3%-6.1M395.3M-2.4M1.165.8389,475103,384453,702400,698
2023-01-09$38.20$40.0098.9%28.2%96.5%35.7%101.9%10.1%-1.0%-1.3M176.9M-2.8M1.228.7196,903118,277429,244380,590
2023-01-10$42.41$40.00100.2%29.6%101.7%36.8%104.0%8.6%3.9%2.4M-30.7M-3.2M1.043.03108,111112,701460,489420,500
2023-01-11$43.36$45.0099.3%28.6%100.3%36.1%102.9%10.5%0.6%3.7M-84.6M-3.3M1.253.3086,570108,612490,493455,358
2023-01-12$46.95$45.0098.0%28.6%98.8%34.9%102.7%7.4%1.8%7.8M-307.7M-3.5M0.962.67135,787130,134494,243480,371
2023-01-13$49.78$45.0098.7%28.4%100.2%35.5%102.5%2.5%0.7%22.3M-548.3M-3.7M1.002.57154,016154,069521,303507,095
2023-01-17$54.13$45.00103.7%29.7%100.0%38.5%108.5%5.5%2.5%6.9M-526.2M-3.8M1.072.29110,305118,456467,171435,256
2023-01-18$50.97$50.00104.3%29.9%102.3%39.1%106.5%8.0%3.7%2.6M-282.1M-3.8M1.682.7894,903159,221486,730472,910
2023-01-19$49.34$50.00101.8%28.9%101.5%36.5%105.0%6.2%4.4%-1.9M-102.8M-3.8M1.182.9785,133100,723498,596501,390
2023-01-20$54.53$50.00102.5%28.9%105.3%37.2%104.6%5.6%4.5%9.6M-546.2M-4.0M0.973.22138,157133,471511,938520,188
2023-01-23$55.75$50.00103.3%28.5%105.1%38.0%105.5%7.7%-2.4%2.7M-356.8M-4.0M0.862.4993,46380,529293,503347,143
2023-01-24$53.45$50.00102.8%27.8%106.4%37.5%99.4%7.7%-1.8%572.9K-231.3M-3.9M1.132.4962,97071,373317,290374,481
2023-01-25$52.69$50.00104.9%27.5%107.2%39.5%99.7%7.5%-2.7%-3.4M-178.9M-4.0M0.941.9894,86789,572335,406401,122
2023-01-26$52.92$50.00103.8%26.9%101.1%38.4%96.6%7.0%-1.8%-5.5M-230.0M-4.0M0.702.1479,04855,419347,532424,393
2023-01-27$60.88$50.00116.2%30.9%108.4%49.9%110.8%0.2%-4.2%15.4M-839.2M-4.4M0.712.89266,252188,975361,262433,774
2023-01-30$57.05$50.00110.1%29.8%112.3%44.2%106.0%5.0%-2.1%5.0M-397.7M-4.4M0.682.37124,12283,841352,870381,144
2023-01-31$58.48$52.00108.3%29.7%112.1%42.6%104.2%6.3%-2.1%3.6M-428.5M-4.4M0.554.34103,01056,236357,780412,172